Md. Code, Corporations and Associations § 4A-804

Md. Code, Corporations and Associations § 4A-804
in effect
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If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim, the court: (1) May award the plaintiff reasonable expenses, including reasonable attorney’s fees; and (2) Shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=4A-804&enactments=falseFetched: 10/16/2026

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